The bell ringing for NAFTA and GATT rang for almost all of us. Have we awakened yet?
From Fox News: Legislators in California recently introduced a bill that would offer educators major tax breaks in an effort to keep them in the classroom and combat the state’s growing teacher shortage.
The measure quickly drew fire from taxpayer advocates who criticized it as politically inspired favoritism.
California’s state income tax rate ranges from 1 percent to 12.3 percent, depending on taxable income. For example, taxable income between $40,774 and $51,530 draws a 8 percent tax rate while taxable income between $51,531 and $263,222 draws a 9.3 percent tax rate.
Another enticement in the bill would give new teachers tax credits for the money they spent to earn full teaching credentials. These credits would cover such costs as college tuition and certification tests, and these expenses could be entirely recouped entirely over five years.
“Teachers are the original job creators. The teaching profession is critical to California’s economic success…
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